https://www.taxtmi.com/acts?id=12153 Section 194LB requires payors who are infrastructure debt funds to deduct income-tax at source when paying or crediting interest to non-residents (including foreign companies). The duty to deduct arises at the earlier of credit to the payee's account or actual payment and the provision prescribes deduction at the rate of five per cent, effective from 1 June 2011. en-us Sat, 09 Apr 2011 12:49:43 +0530 Sat, 09 Apr 2011 12:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12153 Section 194LB requires payors who are infrastructure debt funds to deduct income-tax at source when paying or crediting interest to non-residents (including foreign companies). The duty to deduct arises at the earlier of credit to the payee's account or actual payment and the provision prescribes deduction at the rate of five per cent, effective from 1 June 2011. Act-Rules F. Acts / Amendment Acts Sat, 09 Apr 2011 12:49:43 +0530 https://www.taxtmi.com/acts?id=12153